August Market Update for Metro Vancouver
Download the PDF for a price analysis for Metro Vancouver in August 2020. It includes detailed information on detached homes, attached condos and townhomes. Contact me if you have any questions!
August Market Update for New Westminster
Below is the price analysis for August 2020. It includes detailed information on detached homes, attached condos and townhomes. Check out the current market trends in New Westminster!
Market Summary DETACHED
- Market Type Indicator NEW WESTMINSTER DETACHED: Sellers Market at 41% Sales Ratio average (4.1 in 10 homes selling rate)
- Homes are selling on average 1% below list price
- Most Active Price Band** $1.25 mil to $1.5 mil with average 59% Sales Ratio (Sellers market)
- Buyers Best Bet** Homes between $1.75 mil to $2 mil, Connaught Heights and 5 to 6 bedroom properties
- Sellers Best Bet** Selling homes in The Heights and 3 to 4 bedroom properties
**With minimum inventory of 10 in most instances
Market Summary ATTACHED
- Market Type Indicator NEW WEST MINSTER ATTACHED: Sellers Market at 33% Sales Ratio average (3.3 in 10 homes selling rate)
- Homes are selling on average 2% below list price
- Most Active Price Band** $300,000 to $400,000 with average 50% Sales Ratio (Sellers market)
- Buyers Best Bet** Homes between $800,000 to $900,000, Downtown and 2 bedroom properties
- Sellers Best Bet** Selling homes in Queensborough and up to 1 bedroom properties
**With minimum inventory of 10 in most instances
Data sourced from SnapStats Publishing.
